Momenta’s Hong Kong IPO filing with the China Securities Regulatory Commission hits the “first stock in physics AI”

Momenta obtained the overseas issuance and listing filing notice from the China Securities Regulatory Commission. According to the document, Momenta plans to issue no more than 43,754,060 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange. The approval of the filing marks a key step in Momenta’s capitalization process, and it will become the “first stock in physical AI.”

At present, digital AI is accelerating its transition to physical AI, and the "GPT moment" of physical AI is coming. As the core base model of physical AI, the world model is considered to be the key breakthrough to stimulate the "GPT moment" of physical AI.

Cao Xudong, CEO of Momenta, pointed out that the core of physical AI is data scaling and business scaling, and the two form positive feedback, and the only way to achieve these two is autonomous driving.

Based on the above judgment, Momenta positions itself as a builder of physical AI base models, rather than a pure autonomous driving company. What Momenta is doing is to create a universal world model that can understand physical laws and deduce the evolution of the world - just as GPT provides a language base for digital AI, Momenta's world model will provide a space-time base for physical AI.

In April this year, the Momenta R7 world model was launched into mass production, marking the official transition of physics AI from a technical concept to large-scale mass production, achieving a leap from "seeing the world" to "understanding the world."

The approval of the China Securities Regulatory Commission filing marks a key step in Momenta’s IPO process. The IPO will not only provide more solid capital support for Momenta's global layout and all-scenario expansion, but will also provide a typical sample for physical AI technology to move from theoretical research to large-scale and industrial implementation.